Global growth set for decline, as ballooning government debts take hold
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 3 June 2025
⏱️ 8 minutes
🧾️ Download transcript
Summary
From the BBC World Service: The global economy is losing steam, according to the OECD, which now forecasts growth to fall to just 2.9% this year and next. The Paris-based Organization for Economic Co-operation and Development — which represents most of the world’s advanced economies — issued its warning as trade tensions between the U.S. and China continue to grow.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Let's talk about something that might be keeping you up at night. Cybersecurity. According to Vantar's latest state of trust report, it's the number one concern for UK businesses. That's where Vanta comes in. Whether you're a startup, growing fast or already established, Vanta can help you get ISO-2701 certified and more without the headaches. |
| 0:22.5 | And Vanta allows your company to centralise security workflows, |
| 0:26.2 | complete questionnaires up to five times faster, |
| 0:28.5 | and proactively manage vendor risk to help your team not only get compliant, but stay compliant. |
| 0:34.3 | Stop stressing over cyber security and start focusing on growing your business. For a |
| 0:39.5 | limited time, our audience gets $1,000 off Vanta at vanta.com slash go. That's va.com |
| 0:47.1 | slash go for $1,000 off. Because when it comes to your business, it's not just about keeping the lights on. |
| 0:53.7 | It's about keeping everything secure. |
| 0:56.7 | Another global policy organisation warns the worldwide economy is losing steam. |
| 1:02.3 | Hello, this is the Marketplace Morning Report, and we're live from the BBC World Service. |
| 1:07.2 | I'm Leanna Byrne. Good morning. So rising trade tensions, sticky inflation and ballooning |
| 1:12.7 | government debt aren't helping the global economy. That's the warning from the OECD and its latest |
| 1:18.0 | economic outlook. Growth is forecast as slow. Living standards are under pressure and the organisation |
| 1:23.3 | says protectionism is making things worse. So what could governments do to turn things around? |
| 1:29.4 | Well, the OECD's chief economist is Alvera Pereira and he can tell us. Hello. Hello, morning. Good |
| 1:35.1 | morning. So this forecast paints quite a bleak future in terms of global growth. And you place the problem pretty squarely at the tariffs and trade barriers. |
| 1:44.6 | So how concerned are you that we're heading towards a worldwide economic crisis? |
| 1:49.2 | Well, we are forecasting that basically we're downgrade for almost everybody. |
| 1:52.9 | Times are definitely challenging. |
| 1:54.5 | There's been a significant increase in trade uncertainty. |
| 1:57.6 | Business and consumer conference have come down. |
| 2:00.4 | We are forecasting still that |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

